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India CSR Outlook Report 2017 CSR Analysis of BSE Big 300 companies (FY 2016-17) August-September 2017 About the Report The India CSR Outlook Report (ICOR), an annual research publication of NGOBOX, presents an in-depth analysis of CSR spend of big companies in previous financial year. The 2017 report is third such annual publication after 2015 and 2016. The report visualises a few important curves of CSR landscapes in India, entirely based on the actual CSR data of companies. At the time of its pre-release on 29 th Aug. 2017, this is the first such analysis of CSR spend of this large number of companies in FY 2016-17. These 300 companies account for more than 2/3rd of total CSR spend in India, making it a big sample size for any such study and analysis. This report is pre-cursor to the India s largest CSR forum IndiaCSR Summit & Exhibition that is hosted by NGOBOX annually. The 2017 event is scheduled on 17-18 Sept. at Hyatt Regency Gurugram (NCR). The 300 Companies selected in this report were selected on the basis of the following criteria: Prescribed CSR of INR 1Cr or above in FY 2016-17 Listed on BSE or subsidiary of a BSE-listed company Availability of data by 26 th Aug 2017 Key Highlights No. of companies 300 Total no. of projects implemented 3194 No. of public sector companies 20 2
Interesting Insights 1/3 rd of the companies spent more than the prescribed CSR budget 6% companies could not spend even 33% of the prescribed CSR budget 28% increase in the prescribed CSR budget from FY 2014-15 (beginning of the CSR compliance) 47% increase in actual CSR spent since FY 2014-15 and 8% increase from the last financial year Almost 25% of India s actual CSR spent is in Maharashtra and Gujarat states only Education projects received almost one-third of total CSR spent Skills development projects received 5% while Swachh Bharat related projects received 7.3% of the Country s CSR spent. Prescribed and Actual CSR Spent Actual CSR spent Unpent CSR budget 3
Prescribed CSR 7626 Cr. Actual CSR* 6871 Cr. Actual CSR to prescribed CSR 90% Change in CSR compliance from FY 2015-16 (in %) -2% *Includes unspent CSR amount of FY 2015-16, spent in FY 2016-17 (almost INR 49 Cr) Prescribed CSR and actual CSR spent since 2014-15 (NR Cr) 8000 7626 6871 6886 6000 6342 5936 4678 4000 2000 0 2016-17 2015-16 2014-15 Prescribed CSR Actual CSR 4
CSR Compliance: Companies and actual to prescribed CSR -1/3 rd of companies spent more than the prescribed CSR while 1/3 rd spent less than the prescribed CSR -Overall 2/3 of the companies could meet the CSR compliance by spending 100% or more of their CSR budget -There are companies that spent almost twice the prescribed CSR requirement More than the prescribed Almost 100% compliance 66%-99% of the prescribed 33%-66% of the prescribed Less than 33% of the prescribed 5
Top 10 Companies by Actual CSR spent (INR Cr) ICICI Bank Ltd 182 Wipro Ltd 186.3 Tata Steel Ltd 193.6 Indian Oil Corp Ltd 214 ITC Ltd 276 NTPC Ltd 277.8 Infosys Ltd 289.4 HDFC Bank Ltd 305.4 Tata Consultancy Services Ltd 379.7 Reliance Industries Ltd 659.2 0 175 350 525 700 6
Top Companies with more than the prescribed CSR (% wise) Company Prescribed CSR (INR Cr) Actual CSR Spent (INR Cr.) % of Actual to prescribed CSR UPL Ltd 4.89 23.79 486.5% Piramal Enterprises Limited 9.17 32.82 357.9% Sobha Developers Ltd 5.76 15.04 260.9% Allcargo Logistics ltd. 2.48 5.70 229.8% Kitex Garments Ltd 2.67 6.09 228.1% Somany Ceramics Limited 1.36 2.98 219.5% Elgi Equipments Ltd. 1.83 3.20 174.9% Navin Florine Int Ltd 1.76 3.02 171.6% NHPC Ltd 44.23 75.81 171.4% Tata Steel Ltd 115.80 193.61 167.2% 7
Top 10 State CSR spent-wise Historically, CSR spent has been concentrated on a few states and that trend has continued in FY 2016-17 as well. Maharashtra and Gujarat together received 23.4% of India s total CSR spent. State % in Countries total CSR Spent INR Cr. 1 Maharashtra 16.5% 1134 2 Gujarat 6.9% 474 3 Odisha 6.2% 427 4 Karnataka 5.9% 406 5 Tamil Nadu 4.3% 294 6 Rajasthan 4.1% 282 7 Andhra Pradesh 4.1% 279 8 Delhi 3.8% 262 9 West Bengal 3.5% 240 10 Jharkhand 3.4% 231 Top Five Companies in Top 10 States (State-wise list) Top 5 in Maharashtra INR Cr. Reliance Industries Ltd 442.22 Bajaj Auto Ltd 67.92 Coal India Ltd. 55.28 Infosys Ltd 45.70 Mahindra and Mahindra Limited 34.05 8
Top 5 in Gujarat INR Cr. Reliance Industries Ltd 41.63 Hindustan Petroleum Corp Ltd 29.21 Cadila Healthcare Ltd 29.17 Adani Ports and Special Economic Zone 27.00 Torrent Pharmaceuticals Ltd 25.62 Top 5 in Odisha INR Cr. Mahanadi Coalfields Ltd 166.60 Tata Steel Ltd 80.81 Infosys Ltd 27.51 Wipro Ltd 19.40 Larsen & Toubro Ltd 7.61 Top 5 in Karnataka INR Cr. Wipro Ltd 131.64 Infosys Ltd 65.26 Mphasis Ltd. 8.00 Biocon Ltd 7.69 JSW Energy Ltd 7.19 9
Top 5 in Tamil Nadu INR Cr Larsen & Toubro Ltd 13.53 Infosys Ltd 10.69 Cholamandalam Investment & Finance Co. Ltd. 10.59 Housing Development Finance Corporation Limited 8.69 Bajaj Finance Ltd 8.26 Top 5 in Rajasthan INR Cr. Hindustan Zinc Ltd 61.42 Vedanta 28.00 Piramal Enterprises Limited 19.59 Havells India Ltd 9.82 Hero MotoCorp Ltd 8.15 Top 5 in AP INR Cr. Indian Oil Corp Ltd 63.00 Reliance Industries Ltd 28.02 Amara Raja Batteries Ltd 16.00 Aurobindo Pharma Ltd 9.45 Mahindra and Mahindra Limited 8.45 Top 5 in Delhi INR Cr. Power Grid Corporation Limited 37.17 Infosys Ltd 17.73 Housing Development Finance Corporation Limited 12.61 Reliance Industries Ltd 7.81 Hero MotoCorp Ltd 7.41 10
Top 5 in West BengalINR Cr. Eastern Coalfields Limited 21.60 CESC Ltd 17.40 Tata Steel Ltd 14.98 Coal India Ltd. 14.33 NHPC Ltd 13.91 Top 5 in Jharkhand INR Cr. Tata Steel Ltd 80.81 Central Coalfields Limited 25.84 Coal India Ltd. 18.86 InterGlobe Aviation Limited 10.00 Axis Bank Ltd 4.81 11
Theme-wise CSR Spent Poverty Alleviation & WASH Healthcare Education Skills Gender Equality & Women Empowerment Heritage & Art Environment & Sustainability Technology incubation Sports promotion Rural Development Others, Misc & Admin 12
-Education projects received 32% of the total CSR spent while healthcare received 17% -Technology incubation projects are still at a nascent stage with less than 1% of total CSR spent -Skilling projects received 5% of the total CSR spent while -Swachh Bharat Mission related projects received INR 502 Cr CSR funding, almost 7.3% of the total CSR spent Theme INR Cr Poverty Alleviation & WASH 557 Healthcare 1142 Education 2198 Skills Development 376 Gender Equality & Women Empowerment 123 Heritage, Art and Culture 90 Environment & Sustainability 585 Technology Incubation 20 Sports promotion 142 Rural Development 996 Others, Miscellaneous & Admin 642 13
Project Implementation Mode -55% of the CSR projects funding is through implementation partners (NGOs, government agencies etc) Direct (By compnany) CSR Foundation Implemetation Partners 14
About NGOBOX NGOBOX (a venture of Renalysis Consultants Pvt Ltd) is a development communication platform helping companies, CSR foundations, NGOs and social enterprise to network, communicate and find resources online and offline. We are a leading CSR research platform in the Country with over 50 data-reports on CSR in India. We help companies and CSR foundations to identify credible CSR implementing agencies based on thematic and geographic priorities. With the verified database of over 75000+ non-profits, CSR Teams and social enterprise, we present immense opportunities for organizations to promote their products/services with one-click promotion and outreach. A few of our clients are WHO India, UNICEF, NASSCOM Foundation, Tata Steel, IIM-B, Deshpande Foundation, ITC, HCL Foundation etc. To know more about us, please visit www.ngobox.org About CSRBOX CSRBOX is India's largest Corporate Social Responsibility (CSR) analytics and information platform. It lists CSR portfolio of companies falling under the ambit of mandatory CSR as per the Section 135 of the Companies Act 2013. It offers list of companies, CSR projects, CSR foundations and implementing agencies. Additionally, it lists CSR service providers and news& reports related to businesses and CSR foundations. The platform is the single largest CSR information dashboard for CSR heads, board members of companies, nonprofit leaders, fundraisers, government agencies and social businesses to find latest updates in CSR domain in India. The platform is powered by India's largest social sector platform NGOBOX. For more information, please visit www.csrbox.org India CSR Summit & Exhibition India CSR Summit & Exhibitions is an annual event curated and hosted by NGOBOX. The event is the largest CSR forum in India bringing together companies, CSR foundations, government agencies, non-profits, social businesses and advisory firms to network, collaborate and scale up initiatives in development and impact sector. The event also witnesses annual CSR Impact Awards for best of CSR projects in various thematic areas. Beginning in New Delhi 2014, the event has been hosted in Bengaluru and Mumbai in 2015 and 2016 respectively. The 2017 event is taking place at Hyatt Regency, Gurugram (NCR) on 18-19 Sept. For more information, please visit www.indiacsrsummit.in Contact us at bhomik@ngobox.org csr@ngobox.org Shilpi Jain (+91-9560352170) Renalysis Consultants Pvt Ltd (NGOBOX) 15